The differences in what motivates and satisfies millennials versus baby boomers are explored in this resource. Millennials are now the largest demographic segment in the workforce, outnumbering Gen Xers and Boomers. Thus, outdated performance systems will not serve modern employees and organizations. This text explores millennials' values and characteristics and their relationship with management.
Managing millennials
The way to manage millennials should be different from managing older generations, for that to succeed, managers should:
Make teamwork part of the company structure - Everyone working together with defined roles.
Take advantage of their electronic literacy - Experience and knowledge can help expand communication both internally and externally for your firm.
Embrace diversity and flexibility - Millennials are willing to stick with companies that have diverse management teams and flexible work environments.
Focus on results - Relax the rules to have millennials as hard workers who get results
Allow telecommuting or working remotely - To have more success attracting and retaining millennials.
Millennials are primarily looking for six things on the job from their supervisors. First, they work better with leaders not supervisors. Second, they want to be challenged to do better. Third, they appreciate being able to work in groups. Fourth, they want to enjoy the work they are doing. Fifth, they want to be respected, and finally, sixth, they want to have flexible options.